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Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s):  IVPAF

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. The Company is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include The Kamoa-Kakula Copper Complex, The Kipushi Project, The Platreef Project., and The Western Foreland Exploration Project. The Kamoa-Kakula Copper Complex project stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (km) west of the town of Kolwezi and about 270 km west of the provincial capital of Lubumbashi. The Kipushi mine is adjacent to the town of Kipushi in the Democratic Republic of the Congo (DRC) approximately 30 km southwest of the provincial capital of Lubumbashi. The 21 licenses in the Western Foreland cover a combined area of 1,808 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex.


TSX:IVN - Post by User

Post by DoubleDoubleUpon Mar 11, 2024 4:35pm
306 Views
Post# 35927171

There are two railways?

There are two railways?Meanwhile, Beijing continues to invest heavily in securing metal and mineral supplies from more “friendly” nations than Australia.
 
It is investing $A1.5 billion in upgrading an old railway network linking Zambia’s copper belt and the Democratic Republic of Congo with the Tanzanian Indian Ocean port of Dar es Salaam.
 
It’s part of Chairman Xi Jinping’s “Belt and Road” strategy to secure supplies of critical resources in the face of increased global disruption.
 
According to the state-controlled South China Morning Post, the upgraded rail line “will compete directly with a (new) railroad backed by the US and EU” seeking to link Zambia’s copper and DRC minerals to Angola’s Lobito port on the Atlantic.

https://www.news.com.au/finance/business/mining/australian-miners-nervous-as-copper-ore-profits-collapse/news-story/f60b05624ecdc7645cf60e31ce0e2f16?amp
 
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